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KuCoin appoints BC Wong, a seasoned legal expert, as its new CEO. Wong previously secured regulatory licenses as KuCoin’s Chief Legal Officer. The exchange will focus on user-centricity, innovation, and enhanced security under new leadership. Navigating Regulatory Challenges KuCoin’s Growth Trajectory
io.net confirmed that it has achieved Service Organization Control 2 (SOC 2) compliance. io.net seeks to provide decentralized GPU compute solutions and the certification will help. IO token ranks among the top 20 DePIN protocols with a market cap of $389 million. io.net (IO), one of the prominent decentralized physical infrastructure network (DePIN) protocols in…
Partnership with SonarX enables development of sophisticated crypto indexes using fundamental factors beyond market capitalization. Move reflects broader institutional adoption trend, with crypto ETFs attracting over $120 billion in managed assets. Strategic expansion aligns with increasing institutional demand for comprehensive cryptocurrency data and analysis tools. FTSE Russell, which is backed by the London Stock Exchange…
The Ethereum network has faced significant competition from other L1 chains seeking to dominate the DeFi ecosystem. Ether price could drop below $3K again before kickstarting the next major altseason. Less than 48 hours to the close of the first month of 2025, it is more evident that short-term sellers are in control of Ethereum…
Four months after his prison sentence, Binance founder Changpeng Zhao (CZ) has made his first crypto investment through YZi Labs, backing blockchain platform Sign in a $16 million funding round. Sign will use new funding to help governments integrate blockchain solutions into their economies. The platform’s revenue skyrocketed from $1.7M in 2023 to $15M in…
Abstract launched with 711,000 transactions on day one, but total value secured remains low at $33.37 million. NOXA’s total value locked dropped sharply from $515,000 to $109,231, reflecting weak investor confidence in liquidity. PENGU token plunged 37% in a week as traders reacted to unmet expectations and a struggling NFT market. Abstract, the new layer-2…
South Korea is upgrading its temporary crypto crime task force into a permanent investigation unit as part of its intensified crackdown on virtual asset-related offenses. The Ministry of Justice formally requested the upgrade due to JIU’s success, which has resulted in 41 indictments, 18 arrests, and the seizure of $97.5 million worth of crypto assets…
Paradigm has donated $1.25 million to support Roman Storm’s legal defence. Storm faces up to 45 years in prison for allegedly allowing money laundering through the Tornado Cash platform. Venture capital (VC) firm Paradigm has revealed plans to lend a helping hand to Tornado Cash developer Roman Storm. As announced by Paradigm co-founder Matt Huang,…
Semler Scientific is raising $75 million through convertible senior notes to strengthen its Bitcoin holdings and support corporate growth. The company began its Bitcoin strategy in May 2024 and has since accumulated 2,321 BTC, with unrealized profits of nearly $29 million. Apart from Semler, companies like Hoth Therapeutics and Rumble have also embraced Bitcoin, signaling…
Texas is making history by creating a state Bitcoin reserve, with Lieutenant Governor Dan Patrick prioritizing Senate Bill 21 for 2025. Other states like Pennsylvania, Ohio, Florida, and Wyoming are also exploring Bitcoin reserves, but Texas’ plan is the most ambitious. Bitcoin is seen as a hedge against inflation, and Texas aims to lead digital…